Common use of TRANSFER OF OBLIGATION Clause in Contracts

TRANSFER OF OBLIGATION. II.10.1 The BSP can transfer in day-ahead or in intraday, for a certain quarter-hour, part or all of its aFRR Obligation to one or several Counterpart BSP(s) holding a valid BSP Contract aFRR valid at least up to the date of the performance of the aFRR Obligation. II.10.2 Similarly, the BSP may agree to make an additional quantity of aFRR Capacity available to XXXX as a result of a Transfer of Obligation from a Counterpart BSP to the BSP. II.10.3 The BSP should at any time maintain its aFRR Obligation available to ELIA either by providing its aFRR Obligation by itself or by transferring part or all of its aFRR Obligation in accordance with Art. II.10.1. II.10.4 The requestor party (being either the BSP or the Counterpart BSP) initiates the Transfer of Obligation. When the other party (being either the BSP or the Counterpart BSP) accepts the Transfer of Obligation, the status of the concerned Transfer of Obligation becomes accepted. The rules and procedure to be followed by the BSP and the Counterpart BSP in case of a Transfer of Obligation are described in Annex 8. II.10.5 When the Transfer of Obligation presents a status accepted, as per Art. II.10.4, XXXX adapts the aFRR Obligation of the BSP and the Counterpart BSP for the applicable quarter-hour(s) by: • adding the volume transferred to the aFRR Obligation of the party taking over the aFRR Obligation; and • reducing by the volume transferred the aFRR Obligation of the party ceding the aFRR Obligation. The BSP and the Counterpart BSP undertake the necessary actions to provide the aFRR Service for the applicable quarter-hour(s) (without any action by XXXX). II.10.6 Consequently, the availability control, as per Art. II.14 and the activation control, as per Art. II.15, as well as the resulting incentives for non-compliance, as per Art. II.17, among other provisions, will be based on the amended aFRR Obligation of the BSP and the Counterpart BSP, resulting from the Transfer(s) of Obligation. II.10.7 The remuneration for the aFRR Awarded, as per Art. II.16.3, remains fixed irrespective of any Transfer of Obligation that the BSP has agreed with Counterpart BSP(s). II.10.8 XXXX does not grant any remuneration under Art. II.16.3 to the Counterpart BSP with which the BSP has agreed a Transfer of Obligation.

Appears in 3 contracts

Samples: Balancing Service Providers Contract for the Automatic Frequency Restoration Reserve (Afrr) Service, Balancing Service Providers Contract for the Automatic Frequency Restoration Reserve (Afrr) Service, Balancing Service Providers Contract for the Automatic Frequency Restoration Reserve (Afrr) Service

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TRANSFER OF OBLIGATION. II.10.1 The BSP can transfer in day-ahead or in intraday, for a certain quarter-hour, part or all of its his aFRR Obligation to one or several Counterpart BSP(s) holding a valid BSP Contract aFRR valid at least up to the date of the performance of the aFRR Obligation. II.10.2 Similarly, the BSP may agree to make an additional quantity of aFRR Capacity available to XXXX as a result of a Transfer of Obligation from a Counterpart BSP to the BSP. II.10.3 The BSP should at any time maintain its his aFRR Obligation available to ELIA XXXX either by providing its aFRR Obligation by itself himself or by transferring part or all of its aFRR Obligation in accordance with Art. II.10.1. II.10.4 The Transfer of Obligation concerns either aFRR Up or aFRR Down. II.10.5 The requestor party (being either the BSP or the Counterpart BSP) initiates the Transfer of Obligation. When Once the other party (being either the BSP or the Counterpart BSP) accepts has accepted the Transfer of Obligation, the status of the concerned Transfer of Obligation becomes accepted. The rules and procedure to be followed by the BSP and the Counterpart BSP in case of a Transfer of Obligation are is described in Annex 8. II.10.5 II.10.6 When the Transfer of Obligation presents a status accepted, as per Art. II.10.4II.10.5, XXXX adapts the aFRR Obligation of the BSP and the Counterpart BSP for the applicable quarter-hour(s) hours by: • adding the volume transferred to the aFRR Obligation of the party taking over the aFRR Obligation; and • reducing by the volume transferred the aFRR Obligation of the party ceding the aFRR Obligation. The BSP and the Counterpart BSP undertake the necessary actions to provide the aFRR Service for the applicable quarter-hour(s) hours (without any action by XXXX). II.10.6 II.10.7 Consequently, the availability control, as per Art. II.14 and the activation control, as per Art. II.15, as well as the resulting incentives penalties for non-compliance, as per Art. II.17, among other provisions, will be based on the amended aFRR Obligation of the BSP and the Counterpart BSP, resulting from the Transfer(s) of Obligation. II.10.7 II.10.8 The remuneration for the aFRR AwardedAwarded remains fixed, as per Art. II.16.3, remains fixed irrespective of any Transfer Transfers of Obligation that the BSP has agreed with Counterpart BSP(s). II.10.8 II.10.9 XXXX does not grant any remuneration under Art. II.16.3 to the Counterpart BSP with which whom the BSP has agreed a Transfer of Obligation.

Appears in 2 contracts

Samples: Balancing Service Providers Contract for the Automatic Frequency Restoration Reserve (Afrr) Service, Balancing Service Providers Contract for the Automatic Frequency Restoration Reserve (Afrr) Service

TRANSFER OF OBLIGATION. II.10.1 II.8.1 The BSP can transfer in day-ahead or in intraday, intraday for a certain quarter-hour, hour part or all of its aFRR his FCR Obligation to one or several Counterpart BSP(s) holding a valid BSP Contract aFRR valid at least up FCR to the date of the performance of the aFRR FCR Obligation. II.10.2 II.8.2 Similarly, the BSP may agree to make an additional quantity of aFRR FCR Capacity available to XXXX as a result of a Transfer of Obligation from a Counterpart BSP to the BSP. II.10.3 II.8.3 The BSP should at any time maintain its aFRR his FCR Obligation available to ELIA XXXX either by providing its aFRR FCR Obligation by itself himself or by transferring part or all of its aFRR FCR Obligation in accordance with Art. II.10.1II.8.1. II.10.4 II.8.4 The requestor party (being either the BSP or the Counterpart BSP) initiates the Transfer of Obligation. When Once the other party (being either the Counterpart BSP or the Counterpart BSP) accepts has accepted the Transfer of Obligation, the status of the concerned Transfer of Obligation becomes accepted. The rules and procedure to be followed by the BSP and the Counterpart BSP in case of a Transfer of Obligation are is described in Annex 8. II.10.5 II.8.5 When the Transfer of Obligation presents a status accepted, as per Art. II.10.4II.8.4, XXXX adapts the aFRR FCR Obligation of the BSP and the Counterpart BSP for the applicable quarter-hour(s) hours by: adding the volume transferred to the aFRR FCR Obligation of the party taking over the aFRR FCR Obligation; and • reducing by the volume transferred the aFRR FCR Obligation of the party ceding the aFRR FCR Obligation. The BSP and the Counterpart counterpartCounterpart BSP undertake the necessary actions to provide the aFRR FCR Service for the applicable quarter-hour(s) hours (without any action by XXXX). II.10.6 II.8.6 Consequently, the availability control, as per Art. II.14 II.12, and the activation control, control as per Art. II.15II.13, as well as the resulting incentives penalties for non-compliance, as per Art. II.17II.15,Art.II.15, among other provisions, will be based on the amended aFRR FCR Obligation of the BSP and the Counterpart BSP, resulting from the Transfer(s) of Obligation. II.10.7 II.8.7 The remuneration for the aFRR AwardedFCR Awarded remains fixed, as per Art. II.16.3II.14, remains fixed irrespective of any Transfer Transfers of Obligation that the BSP has agreed with Counterpart BSP(s). II.10.8 . II.8.8 XXXX does will not grant any remuneration under Art. II.16.3 II.14 to the Counterpart BSP with which whom the BSP has agreed a Transfer of Obligation.

Appears in 1 contract

Samples: Balancing Service Providers Contract for the Frequency Containment Reserve (Fcr) Service

TRANSFER OF OBLIGATION. II.10.1 The BSP can transfer in day-ahead or in intraday, for a certain quarter-hour, part or all of its his aFRR Obligation to one or several Counterpart BSP(s) holding a valid BSP Contract aFRR valid at least up to the date of the performance of the aFRR Obligation. II.10.2 Similarly, the BSP may agree to make an additional quantity of aFRR Capacity available to XXXX as a result of a Transfer of Obligation from a Counterpart BSP to the BSP. II.10.3 The BSP should at any time maintain its his aFRR Obligation available to ELIA either by providing its aFRR Obligation by itself himself or by transferring part or all of its aFRR Obligation in accordance with Art. II.10.1. II.10.4 The Transfer of Obligation concerns either aFRR Up or aFRR Down. II.10.5 The requestor party (being either the BSP or the Counterpart BSP) initiates the Transfer of Obligation. When Once the other party (being either the BSP or the Counterpart BSP) accepts has accepted the Transfer of Obligation, the status of the concerned Transfer of Obligation becomes accepted. The rules and procedure to be followed by the BSP and the Counterpart BSP in case of a Transfer of Obligation are is described in Annex 8. II.10.5 II.10.6 When the Transfer of Obligation presents a status accepted, as per Art. II.10.4II.10.5, XXXX adapts the aFRR Obligation of the BSP and the Counterpart BSP for the applicable quarter-hour(s) hours by: • adding the volume transferred to the aFRR Obligation of the party taking over the aFRR Obligation; and • reducing by the volume transferred the aFRR Obligation of the party ceding the aFRR Obligation. The BSP and the Counterpart BSP undertake the necessary actions to provide the aFRR Service for the applicable quarter-hour(s) hours (without any action by XXXX). II.10.6 II.10.7 Consequently, the availability control, as per Art. II.14 and the activation control, as per Art. II.15, as well as the resulting incentives penalties for non-compliance, as per Art. II.17, among other provisions, will be based on the amended aFRR Obligation of the BSP and the Counterpart BSP, resulting from the Transfer(s) of Obligation. II.10.7 II.10.8 The remuneration for the aFRR AwardedAwarded remains fixed, as per Art. II.16.3, remains fixed irrespective of any Transfer Transfers of Obligation that the BSP has agreed with Counterpart BSP(s). II.10.8 II.10.9 XXXX does not grant any remuneration under Art. II.16.3 to the Counterpart BSP with which whom the BSP has agreed a Transfer of Obligation.

Appears in 1 contract

Samples: Balancing Service Providers Contract for the Automatic Frequency Restoration Reserve (Afrr) Service

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TRANSFER OF OBLIGATION. II.10.1 The BSP can transfer in day-ahead or in intraday, for a certain quarter-hour, part or all of its his aFRR Obligation to one or several Counterpart BSP(s) holding a valid BSP Contract aFRR valid at least up to the date of the performance of the aFRR Obligation. II.10.2 Similarly, the BSP may agree to make an additional quantity of aFRR Capacity available to XXXX as a result of a Transfer of Obligation from a Counterpart BSP to the BSP. II.10.3 The BSP should at any time maintain its his aFRR Obligation available to ELIA XXXX either by providing its aFRR Obligation by itself himself or by transferring part or all of its aFRR Obligation in accordance with Art. II.10.1. II.10.4 The Transfer of Obligation concerns either aFRR Up or aFRR Down. II.10.5 The requestor party (being either the BSP or the Counterpart BSP) initiates the Transfer of Obligation. When Once the other party (being either the BSP or the Counterpart BSP) accepts has accepted the Transfer of Obligation, the status of the concerned Transfer of Obligation becomes accepted. The rules and procedure to be followed by the BSP and the Counterpart BSP in case of a Transfer of Obligation are is described in Annex 8. II.10.5 II.10.6 When the Transfer of Obligation presents a status accepted, as per Art. II.10.4II.10.5, XXXX adapts the aFRR Obligation of the BSP and the Counterpart BSP for the applicable quarter-hour(s) hours by: • adding the volume transferred to the aFRR Obligation of the party taking over the aFRR Obligation; and • reducing by the volume transferred the aFRR Obligation of the party ceding the aFRR Obligation. The BSP and the Counterpart BSP undertake the necessary actions to provide the aFRR Service for the applicable quarter-hour(s) hours (without any action by XXXX). II.10.6 II.10.7 Consequently, the availability control, as per Art. II.14 II.1314 and the activation control, as per Art. II.15, as well as the resulting incentives penalties for non-compliance, as per Art. II.17II.1617, among other provisions, will be based on the amended aFRR Obligation of the BSP and the Counterpart BSP, resulting from the Transfer(s) of Obligation. II.10.7 II.10.8 The remuneration for the aFRR AwardedAwarded remains fixed, as per Art. II.16.3, remains fixed irrespective of any Transfer Transfers of Obligation that the BSP has agreed with Counterpart BSP(s). II.10.8 II.10.9 XXXX does not grant any remuneration under Art. II.16.3 to the Counterpart BSP with which whom the BSP has agreed a Transfer of Obligation.

Appears in 1 contract

Samples: Balancing Service Providers Contract for the Automatic Frequency Restoration Reserve (Afrr) Service

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